Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Sept. 16 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Monday, with speculators adjusted their positions in heavy volumes. “We believe it’s spec short covering,” commented a Winnipeg-based trader, noting that Commitment of Traders reported small specs were almost at 100,000 contracts. He said that soyoil on the […] Read more

Reading Time: < 1 minute By Marlo Glass, MarketsFarm WINNIPEG, Sept. 16 (MarketsFarm) – The ICE Futures canola market was largely stronger on Monday, gaining spillover support from Malaysian palm oil, European rapeseed, and soybeans on the Chicago Board of Trade. A 10 per cent jump in crude oil prices following a drone attack on two major Saudi Arabian oil […] Read more

Reading Time: 2 minutes By Marlo Glass, MarketsFarm WINNIPEG, Sept. 13 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Friday, thanks to a lower Canadian dollar and spillover support from soybeans on the Chicago Board of Trade. The Canadian dollar was around 76 U.S. cents earlier in the week, but settled down to around 75.4 cents […] Read more

Reading Time: < 1 minute By Marlo Glass, MarketsFarm WINNIPEG, Sept. 13 (MarketsFarm) – The ICE Futures canola market was higher at midday Friday, buoyed by delays in harvest activity and a positive trade sentiment for global trade relations. “Weather in western Canada is slowing harvest down,” remarked one Winnipeg-based trader, as a delayed harvest may be injecting a weather […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 13 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, seeing some follow-through buying interest after Thursday’s rally as speculators covered short positions. Cool and wet conditions continue to cause harvest delays across parts of Western Canada, keeping a weather premium in the market. Gains in Chicago […] Read more

Reading Time: 2 minutes By Marlo Glass, MarketsFarm WINNIPEG, Sept. 12 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Thursday gleaning spillover support from a strong soybean complex on the Chicago Board of Trade. Gains were observed in the canola market despite the most recent report from Statistics Canada, which estimated a larger canola output than […] Read more

Reading Time: < 1 minute By Marlo Glass, MarketsFarm WINNIPEG, Sept. 12 (MarketsFarm) – The ICE Futures canola market was higher at midday Thursday, despite the most recent report from Statistics Canada estimating a larger canola output than originally expected. “The report was maybe a bit higher than some people expected,” remarked one Winnipeg-based trader. “But it’s not unrealistic, given […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 12 (MarketsFarm) – The ICE Futures canola market was stronger Thursday morning, hitting its best levels of the past week despite a large upward revision to Statistics Canada’s production estimate. The government agency’s latest model-based forecast pegged the 2019/20 canola crop at 19.4 million tonnes, which compares with the […] Read more

Reading Time: 2 minutes By Marlo Glass, MarketsFarm WINNIPEG, Sept. 11 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Wednesday, bouncing back after six consecutive sessions of lower trade. One trader said there’s little in the market they would deem as decisive, as markets have clung to the bottom end of chart support for the past […] Read more

Reading Time: < 1 minute By Marlo Glass, MarketsFarm WINNIPEG, Sept. 11 (MarketsFarm) – The ICE Futures canola market was slightly higher at midday Wednesday, bouncing back after six consecutive days of lower trading sessions. Technical biases in the market remain lower, as markets “try to hold on to the bottom end of chart support,” said one Winnipeg-based expert. “[It] […] Read more